ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 14,461 new companies in fiscal year 2108-19, a local newspaper reported.
This number is 27 percent higher when compared to the last financial year. According to the annual report (2019) prepared by the Securities and Exchange Commission of Pakistan (SECP) here the other day, the Pakistan Stock Exchange listed new capital of Rs10.161 billion as compared to Rs5.015 billion fiscal year 2017-2018 despite the fact that financial year 2018-19 was a challenging year for the markets.
According to the report, steady decline was observed in financial year 2018-19 initially but later recovery ended this loss. The regulator report mentioned that the KSE-100 Index started the year at 41,910.90 points and ended at 33,901.58 on June 28, 2019. In this way, the KSE-100 Index recorded a decline of 19 percent since the start of the year.
Needful to mention here is that total of 544 companies with accumulated paid up capital of Rs1,340.2698 billion are listed on the PSX as on June 30, 2019. According to the SECP, M/s Interloop Limited raised Rs5.02 billion from the capital market in 2019 which made it the largest ever private sector IPO.
